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215-225 North Terrace, Adelaide, SA 5000

215-225 North Terrace, Adelaide, SA 5000

Other Retail Offices

  • For Sale
  • Contact Agent
  • Expression of Interest

3 CORE CBD ASSETS

  • Three Prime Carpark Investments
  • Over 99% Occupancy
  • 4.24 Year WALE (by gross income)

  • Land Area
  • 0.56ha (1.37 acres) (approx)
  • Floor Area
  • 4,195 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 29, 2019

Additional Details


Interested in this property? Contact an Agent today

CBRE - South Australia (RLA 208125)

Level 5, 151 Pirie Street

Adelaide SA 5000

Alistair Laycock

3 CORE CBD ASSETS

215-225 North Terrace, Adelaide
28-30 Hindley Street, Adelaide
52-70 Frome Street, Adelaide

KEY PORTFOLIO HIGHLIGHTS:

- Three core Adelaide CBD carpark and retail assets offered either individually or as a portfolio.
- Over 99% occupancy.
- 4.24 year WALE (by gross income).
- 75% of gross income from Wilson Parking.
- Long-term investment with potential future owner operator opportunity.
- Fully leased Net Income (215-225 North Terrace $6.910M; 28-30 Hindley Street $2.73M; 52-70 Frome Street $2.2M).
- 3.5% pa + fixed increases over 80% of the portfolio.
- Multi-option value add potential across the portfolio.

215-225 North Terrace, Adelaide, SA 5000

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